Saudi Arabia has a long history of recruiting skilled workers from the West to develop its vast oil reserves. The country, however, also possesses shale oil deposits, and observers say the current oil market provides an opportunity for the Saudis to begin developing those resources.

Liquor producer Brown-Forman Corp. is putting a descendant of its founder in charge of its original whiskey, the latest sign that it intends to rejuvenate the long-struggling Old Forester bourbon brand.